DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES
Plan Contact
- Address: 1400 SOUTH CHILLICOTHE ROAD,AURORA,OH
- Contact person: HAL WITTINE
- Phone: (330) 562-4000
Plan General Information
DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2015, the total number of retirement plan participants in DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES is 186
DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES Estimated Average Employee Contribution Amount
In 2015, the estimated average employee contribution amount per participant for DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES is $1,285.00.
DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES Estimated Average Employer Match
In 2015, the estimated average employer match for an employee in DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES is approximately $253.00
Investing in this additonal $253.00 for 20 years would give you extra $16,250.00, assuming a 10% annual return.
Investing in this additonal $253.00 for 20 years would give you extra $16,250.00, assuming a 10% annual return.
DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES Total Employer Contribution and Match Rate
In 2015, DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES allocates $47,227.00 to match its employees' contributions, providing an employer match rate of 39.51% of their contributions
Enrollment Features
DEFINED CONTRIBUTION PLAN (401K) FOR ROTEK INC. AURORA HOURLY EMPLOYEES has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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